Sandy Hits FTSE 100

Storm has already closed the U.S. stockmarket

The FTSE 100 fell in early trading, spooked by hurricane Sandy which has already shut the US stockmarket.

Financial and mining shares dragged the main blue chip index down in early trading, with Hargreaves Lansdown the biggest loser on the FTSE 100, dropping 3.95 per cent. Insurers were also big fallers on the stock market as investors worried about potential hurricane Sandy claims.

On the FTSE All-Share, coal producer New World Resources fell 5.5 per cent in early deals.